114
114
Apr 23, 2013
04/13
by
CNBC
tv
eye 114
favorite 0
quote 0
that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for example, american airlines say it could see a hit of $1.7 million a day as a result of this. now, some suggesting that people may be too quick to point the finger at washington. the faa saying in a statement that 1200 delays yesterday occurred because of the furloughs, but that 1400 more occurred because of bad weather and other factors. so a couple things to consider, but for now i want to send it over to phil lebeau, a top member of the air travel controllers union. >> imto bring in dean yakapelli, in charge of the association, the new york office. dean, your people are the ones who staff
that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line of the airlines, but the greater economy. for...
75
75
Apr 23, 2013
04/13
by
FBC
tv
eye 75
favorite 0
quote 0
ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days in a row with up
ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole...
158
158
Apr 23, 2013
04/13
by
FOXNEWSW
tv
eye 158
favorite 0
quote 0
the faa typically does not wait until the ntsb has finished its investigation. the ntsb p takes a long type. the normal investigation lasts well over a year and there are two months into the battery fire probe and there's been no determination of a cause. they do know the li lithium ion battery overheated and that led to overheating and a fire. they are including a redesigned battery with better insulation between the cells and a better steel containment box that engineers say won't allow for any air to fuel a fire. they've redesigned the charge erp sore the battery doesn't have to work as hard. the faa has given approval to that fix and boeing says it could have its planes back in the air with the airlines flying customers again by the end of next week. back to you, martha. martha: that's been quite a story. dan, thank you. bill: from capitol hill the tempers are flaring today. have a look at this right here. >> i say that particularly those who are pointing to what happened the terrible tragedy in boston as i would say an excuse for not doing a bill, or delayi
the faa typically does not wait until the ntsb has finished its investigation. the ntsb p takes a long type. the normal investigation lasts well over a year and there are two months into the battery fire probe and there's been no determination of a cause. they do know the li lithium ion battery overheated and that led to overheating and a fire. they are including a redesigned battery with better insulation between the cells and a better steel containment box that engineers say won't allow for...
88
88
Apr 23, 2013
04/13
by
CSPAN2
tv
eye 88
favorite 0
quote 0
that's 637 million from the faa. the faa initiated a series of cost saving measures, both personnel and non-personnel relates including hiring freeze, restrictions on travel, limitation of certain temporary employees, and reductions in contracts among other savings, but the fact is 70% of the faa's operation budget is personnel. there's no way to avoid furloughs. remember, secretary lahood came to the briefing room and laid this out as what would be inevitable consequence if sequester were to be law, i implemented, and ore -- over time, it was implemented and final action furloughed. that's a fact. now, you know, they put forward a plan to replace sequester and reduce deficits while making investments necessary to have the economy grow and create jobs, protect the middle class, and protect seen yours. the president is engaged in a process with lawmakers where he's trying to find commonground to see if commonground exists with republicans around the basic principle to reduce the budget in a balanced way, and he's put
that's 637 million from the faa. the faa initiated a series of cost saving measures, both personnel and non-personnel relates including hiring freeze, restrictions on travel, limitation of certain temporary employees, and reductions in contracts among other savings, but the fact is 70% of the faa's operation budget is personnel. there's no way to avoid furloughs. remember, secretary lahood came to the briefing room and laid this out as what would be inevitable consequence if sequester were to...
79
79
Apr 23, 2013
04/13
by
CURRENT
tv
eye 79
favorite 0
quote 0
faa's operations budget is personnel. the faa must furlough 47,000 employees for up to 11 days between now and the end of the fiscal year. >> bill: the bottom line is you can't have it both ways. you cannot say we want the sequester. we're going to let the sequester happen. and then bitch and moan every time the sequester has a real impact in the real world. which it is happening. before this, maybe it was just in areas where most people who are -- upper middle class or wealthy, didn't feel any pain. programs like head start or food stamps or meals on wheels, right. didn't affect me. because i got a good life. well now you know, you're getting on a plane to go somewhere and you have a two-hour delay serves you right. only one way to get rid of this which is get rid of the sequester and have some sensible cuts not just these mad across-the-board cuts and if republicans really don't like what's happening, get rid of the sequester. one other issue immigration. immigration reform has a head of steam because there are -- this
faa's operations budget is personnel. the faa must furlough 47,000 employees for up to 11 days between now and the end of the fiscal year. >> bill: the bottom line is you can't have it both ways. you cannot say we want the sequester. we're going to let the sequester happen. and then bitch and moan every time the sequester has a real impact in the real world. which it is happening. before this, maybe it was just in areas where most people who are -- upper middle class or wealthy, didn't...
124
124
Apr 23, 2013
04/13
by
FOXNEWSW
tv
eye 124
favorite 0
quote 0
nineteen certification tests were done, and that was enough to convince the faa the public will be safe. boeing is in the process of retrofitting the 50 dreamliners, and we expect to have the first airline back up in the air are the retro-- airline retrofitted by the end of next week. jon: let's hope that's the end of the problem. dan springer, thank you. and we'll be right back. ... ... [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ just seem to fade away...? now start vibrant, stay vibrant! new vidal sassoon pro series has an exclusive hydrablock system that helps fight fade out -- for up to 8 weeks. vidal sassoon pro series. salon genius. affordable for all.
nineteen certification tests were done, and that was enough to convince the faa the public will be safe. boeing is in the process of retrofitting the 50 dreamliners, and we expect to have the first airline back up in the air are the retro-- airline retrofitted by the end of next week. jon: let's hope that's the end of the problem. dan springer, thank you. and we'll be right back. ... ... [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain......